consider reaching out to Ashok directly - I did and he did provide me assurance that financials and full details of the transaction would be coming soon. They had to make the initial announcement to keep the staff informed formally that change of hands were taking place.
I'm as skeptical as anyone but i also have to keep an open mind when the evidence is to the contrary.
4 board members - 3 non nominated by genius should theoretically mean more even outcome for all shareholders. but it remains to be seen.
buying business in distress and turning them around remains a decent strategy in my book
also you could check their website for open positions - a lot. clear sign of high demand and business in turnaround.
MFD Price at posting:
71.0¢ Sentiment: Hold Disclosure: Held
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